Financial Statements for m development ltd (MDV)

Year over year, M Development Ltd. has seen their bottom line shrink from $6.5M SGD to $486.0K SGD despite an increase in revenues from $22.6M SGD to $37.0M SGD. An increase in the percentage of sales devoted to cost of goods sold from 83.19% to 85.28% was a key component in the falling bottom line in the face of rising revenues.

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